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Business, 04.12.2020 16:30 henryzx900

Wetzel, Inc. has 30 comma 000 shares of cumulative preferred stock outstanding, with annual dividends paid at a rate of $ 3 per share. Wetzel, Inc. also has 20 comma 000 shares of common stock outstanding. Preferred dividends are in arrears from the prior year and the number of shares remained the same for this year and last year. If Wetzel, Inc. declares a $ 300 comma 000 dividend in the current year, each outstanding share of common stock would receive: (Round your answer to the nearest cent.)

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Wetzel, Inc. has 30 comma 000 shares of cumulative preferred stock outstanding, with annual dividend...
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